EU Regulator Blocks Thyssenkrupp-Tata Steel Merger

- Jun 15, 2019-

EU regulator blocks Thyssenkrupp-Tata Steel merger

On June 11. EU antitrust requlators rejected Thyssenkrupp and Tata Steel's plan to form a landmark ioint venture because thev are concerned that the deal would have pushed up prices and reduced competition.The European Commission said the companies. which had looked to the deal as one way to tackle overcapacity and other challenges in the steel industry, had not done enough to allay its concerns.The Commission said imports from third countries would not have been able to offset potential price hikes resulting from the deal.ThyssenKrupp and Tata Steel last month flagged the EU veto after they declined to offer further concessions to address requlators' concerns.

 EU Regulator Blocks Thyssenkrupp-Tata Steel Merger


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